Hunting reports results on Tuesday, 30 October

• The chart shows the price movement last time Hunting reported: H1 Results, 30 Aug.
• Shares opened +41.5p higher (+5.5%), and traded as high as +125p (+16.5%, high of the day)
• They traded as low as +37.5p (+4.9, low of the day) and closed +90.5p (+11.9%) for a daily range of 87.5p or 11.5%.
• H1 results saw the oil service company swing back to profit on stronger US markets
• Shares -27.9% from 2018 highs; +21.2% from 2018 lows; +11.4% year-to-date.
• Recent share price range: Sept lows 642p; Late Sept highs 840p. Currently 674p (at time of writing).
• Hunting publishes a Q3 Trading update on Tuesday, 30 Oct.
• Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading Hunting – An Example

Let’s say you think that Hunting results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Hunting using CFDs, at the current price of 674p. To do this, you need £2,000.

For the purpose of this example, let’s assume Hunting reports strong results and the shares rise 10%. Your profit would be £1,000, from your initial investment of £2,000.

Conversely, let’s assume you open the position, and place a stop-loss 5% below the current price. Hunting results miss, it falls 5% and hits your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.